Project Accountant

• Location 1735 Hughes Landing Blvd,Fl 3B,The Woodlands, TX, 77380,United States
• Base Pay $90,000.00 - $ / Year
• Employee Type FT Exempt
• Manage Others No

Description

Position Overview:

The Project Accountant is responsible for monitoring, controlling, and reporting on the financial performance of assigned projects from project initiation through closeout. This position ensures project costs, commitments, billings, revenue, and financial transactions are accurate, properly authorized, appropriately allocated, and recorded in a timely manner.

The Project Accountant serves as a key financial partner to Project Managers, Operations, Procurement, Accounts Payable, Accounts Receivable, and Finance. The position provides financial visibility into project performance, identifies cost and billing issues, investigates variances, and helps ensure projects remain financially aligned with approved budgets and contractual requirements.

The ideal candidate will have strong project accounting experience, excellent attention to detail, and the ability to work effectively in a fast-paced, project-driven environment. Experience supporting utility, construction, infrastructure, engineering, field services, or other service-based organizations is strongly preferred.

• Create and maintain project accounts, jobs, phases, cost codes, and related financial structures within Net Suite.
• Establish project budgets, billing structures, cost classifications, and other financial parameters based on contracts and approved project documentation.
• Maintain accurate project records, including contracts, purchase orders, change orders, amendments, budgets, billing schedules, and supporting documentation.
• Establish and manage appropriate user access and permissions for project-related financial accounts in accordance with company policies.
• Ensure project accounting procedures are consistently followed throughout the project lifecycle.
• Coordinate with Project Managers and Finance to ensure project setup accurately reflects contractual and operational requirements.
• Review project master data and financial information for accuracy and completeness.

• Monitor project costs, commitments, accruals, and expenses against approved budgets.
• Review and approve supplier and subcontractor invoices associated with assigned projects.
• Verify invoices against purchase orders, contracts, receipts, project approvals, and applicable billing requirements.
• Review and approve overhead and other indirect charges allocated to projects.
• Review project account totals and investigate unusual, inaccurate, or improperly coded transactions.
• Approve or coordinate transfers of expenses into and out of project-related accounts when appropriate.
• Identify expenses that have been charged to incorrect projects, phases, cost codes, or accounts and coordinate corrections.
• Monitor unbilled project costs and identify items requiring additional review or customer billing.
• Work with Procurement, Accounts Payable, and project personnel to resolve invoice, purchase order, coding, and cost discrepancies.
• Monitor project commitments and forecasted costs to identify potential budget overruns before they occur.

• Prepare and distribute project financial reports, including project cost, profitability, budget-to-actual, and variance reports.
• Investigate project variances and provide explanations and recommendations to Project Managers and management.
• Analyze labor, material, subcontractor, equipment, overhead, and other project costs to identify trends and potential issues.
• Monitor project profitability and provide management with regular updates regarding financial performance.
• Identify projects at risk of exceeding budget or falling below expected profitability.
• Partner with Project Managers to develop corrective actions for unfavorable financial trends.
• Assist with project forecasting, including estimates of costs to complete and expected project margins.
• Provide financial information and analysis to support project management decision-making.
• Identify opportunities to improve project profitability, cost control, and financial performance.
• Create, review, and/or approve project-related customer billings in accordance with contracts and established billing procedures.
• Ensure billings accurately reflect approved work, contract terms, change orders, reimbursable expenses, retainage, milestones, and other applicable requirements.
• Review project expenses and identify costs that have not been billed to customers when contractually billable.
• Investigate unbilled costs and coordinate with Project Managers, Accounts Receivable, and Operations to determine appropriate billing treatment.
• Identify opportunities for additional billing resulting from change orders, scope changes, additional work, reimbursable expenses, or other contractual provisions.
• Confer with Accounts Receivable regarding unpaid contract billings, disputed…